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Data Center Colocation Market Share
- Report ID: GMI2419
- Published Date: Sep 2023
- Report Format: PDF
Data Center Colocation Market Share
Major players operating in the data center colocation market are
- Equinix, Inc.
- Digital Realty
- NTT Communications
- China Telecom Corporation
These players are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.
Frequently Asked Questions (FAQ) :
Market size for data center colocation was valued at USD 69.3 billion in 2022 and is projected to grow at a CAGR of over 11.5% between 2023 and 2032, favored by the growing demand for hybrid cloud and virtualization technologies.
The market share from BFSI segment is expected to grow at a CAGR of around 14% through 2032 as the sector faces rigorous data security and compliance regulations, and colocation providers offer data centers with robust security measures and compliance certifications.
North America held a dominant market share of over 40% in 2022 and will continue growing in the coming years as the businesses in the region are increasingly adopting hybrid cloud strategies, which involve a mix of on-premises, private, and public cloud resources.
Prominent industry players are Equinix, Inc. Digital Realty, NTT Communications, and China Telecom Corporation.
Data Center Colocation Market Scope
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